With over 2,000 cryptocurrencies out there at the time of writing, it is getting more difficult to separate visionary projects from the crappy ones. That’s why we decided to launch a new Deep Dive series in which we dig deeper into promising projects in the crypto space.
No one can argue with the fact that the data is the new oil. According to Micro Focus, all humans connected to the internet generate around 44 Billion GB of data every single day.
As barely half of the world’s population is connected to the internet, the amount of data that is yet to be created is unimaginable.
Along with the modern oil, a series of technical challenges come into play. New ways of its extraction, processing, and storage are being developed in order to satisfy our hungry-for-speed society.
Have you ever read one of those Rockefeller stories on how they built their fortunes upon oil extraction and distribution? They did not only accumulate a huge amount of wealth for themselves, but also for all the people who understood the potential of oil and invested in it before the masses.
Today, you can become a shareholder in a modern type of oil refinery.
Say Hello to DADI
Cloud computing. The famous term in the tech space for the last couple of years.
However, reality brings us down to the ground as these clouds are nothing but large data centers or farms, so to speak. Unfortunately, most of them are owned by a few large companies such as Amazon, Microsoft or IBM.
In early 2017, Amazon Web Services (AWS) went down. It was a disaster.
Many thought that the whole internet had been shut down as AWS powers such large-scale services as Tinder, Netflix, Expedia and Comcast. In total, 150,000 top global websites and apps went offline.
As most of the world’s data is being processed and stored in big powerhouses of a few companies, this also leads to a pricing monopoly.
This model does not fit in with the unavoidable, decentralized future.
DADI is in the process of making the first, truly decentralized cloud. The same way Bitcoin has laid the path for peer-to-peer payments, DADI allows your devices such as a laptop, PC or console to become the part of the peer-to-peer cloud computing infrastructure.
Mo’ Speed Mo’ Money
Ever closed a tab with a website that takes more than 5 seconds to load? We’ve all been there. And the next generation of web users are becoming even more impatient.
For website owners, that’s the loss of a potential client. Speed is one of the critical factors in online business. The companies that help to improve an app’s overall performance tend to be successful.
DADI is already achieving these results for their clients.
Here are a few examples from DADI’s current clientele and their monthly traffic stats, according to similarweb.com:
- monocle.com: ~ 500,000 per month
- www.empireonline.com: ~ 3 million per month
- www.whatcar.com: ~ 4 million per month
These are 3 websites among 200 that are already powered by DADI services and we provided their monthly search stats for a reason. Their traffic volume clearly shows that these are not just another teen’s blog but serious clients who require quite a lot of computing power.
WhatCar is saving 65% on their monthly bill since moving to DADI web services. It is just a matter of time before more companies jump on board, as everyone is looking to cut costs and therefore maximize profits.
How DADI Plans to Launch its Initial Network of Users
Unlike in Bitcoin’s early stages, these days it is much easier to convince people to leave their devices up and running 24/7 in return for coins or tokens. When the cryptocurrency project is solid, people are eager to hop on board.
Currently, DADI powers its clients with its own distributed infrastructure but that’s about to change soon.They plan to give away so-called Founding Nodes to the community, which will lay the foundation for their distributed computing cloud.
It looks stylish enough so that even your wife might will allow you to keep it in the living room as part of the decor. Looks like DADI has found a new way to crypto mass adoption.
At the beginning of October 2018, DADI finally got their hands on these components which will soon to be shipped to the community.
Marketing is the King
What does DADI really stand for?
DADI: Decentralized Architecture for a Democratic Internet
Intentionally or not, DADI surely gets some of the GoDaddy fame, which might work pretty well in the future when it comes to client acquisition. This might be an award-winning marketing move.
We have already mentioned their Twitter account with more than 2,100 tweets, which has built a large audience over the past years. Constant updates to the community play a huge role, as the buzz attracts the eyes of potential investors.
On top of that, their blog section is just like your parent’s fridge, always full of fresh content. Being up to date and transparent with their community is another positive sign.
Last but not least, DADI has a huge and open documentation for developers who can utilize their solutions right away. This is something you can barely see in most of the crypto projects out there.
“Developers. Developers. Developers.” – Steve Ballmer, Microsoft
Devs are the key to the success of DADI. In the end, they will be the ones who either spread the word of its ease of use and performance or abandon it. Large and clean documentation for DADI’s solutions is at this point a critical factor not only for devs but also for its investors.
As a cherry on the top, DADI has one of the most impressive roadmaps in the crypto space. Aside from its dynamic design, it allows everyone to see their astonishing progress. You can even check what they have done and plan to do in each particular month.
Does DADI Need Blockchain?
DADI services do not need blockchain in order to function per se, as its cloud operates fully off the blockchain.
Ethereum helps DADI to incentivize people to connect their devices to its cloud as users are paid in $DADI tokens for contributing computing power to the network. All your devices (and even your smart fridge!) will be able to contribute. A device connected to the DADI network is simply called a node.
Answering the question: yes, DADI does need blockchain.
If it wasn’t for blockchain DADI probably would not be able to incentivize users from all over the world to contribute their computing power. DADI needs Ethereum to fairly distribute its tokens to node owners as a reward.
Who’s the Daddy Behind DADI?
You won’t go too far even with a great product if the leadership isn’t strong. In the end, it is people who create great companies or lead them to failure. In this cryptocurrency project, the team is one of the best in its field.
We have performed a deep background check on all 3 daddies for you.
Their names are Joseph Denne, Christopher Mair, and Williams Lebens. These 3 guys have been working together for more than 20 years. Twenty years — a really strong relationship that still remains unbroken. Very positive sign for potential investors.
Secondly, it is important to note that they invested over $2 million from their own pockets prior to launching the DADI ICO. In fact, they have been working on solutions which DADI uses today since 2013.
That’s impressive, but…
In this space, sometimes it is difficult to believe in such words especially when everyone is bragging in their whitepapers about how long they have been into something with no proof of record, right?
We decided to give that fact an unusual background check. Heading over to Twitter, we can see that the @dadi account was created almost 5 years ago.
Some might stop right here, but let’s dig deeper. What if they bought this account for their marketing needs and simply changed the name.
This is where Wayback Machine comes in handy with proof that @dadi then is the same @dadi as it is today.
A screenshot from 2015 clearly shows that they were working on that technology back then.
This also justifies how this small $6 million market cap cryptocurrency has over 36k followers today. That’s a pretty large audience for such a niche, but definitely doable if you stick to your thing over the years.
That is a pretty impressive consistency of work!
These facts clearly show that all 3 daddies are serious about what they do. And we have to admit, they look serious too!
Fueling the Value of the DADI token
Unlike many cryptocurrency projects, DADI does not create a new market. It enters an existing one, aiming to get a piece of it. As seen before, the list of companies they power is pretty impressive, with more yet to come.
The missing piece in this article is definitely the answer to the following question: How is the DADI token going to increase in value?
While there is no such thing as “guaranteed” in any type of investing, we should take a look at potential factors that can increase the value of the $DADI token in the future.
- Soon, DADI will finally deploy its network which allows nodes (i.e. your laptop) to earn tokens by renting its computing power. We can expect the DADI token to get traction as they need to be purchased by the ones who need the computing power, which later on are distributed to those who provide that power.
- Anyone who is willing to become a node in DADI cloud has to possess 5,000 DADI tokens (equal to ~US$400 at the time of writing) in order to avoid bad actors in the network. This amount might be subjected to change when the price of DADI increases in the future, in order to lower the barriers of entry for new network participants.
- Investors seeing the potential of DADI might want to get a piece of the cake of this new type of oil refinery. Aside from the mechanism described in the first point, many investors still treat utility tokens the same way as tokens that represent shares in the company.
The Plagiarism Controversy
At the beginning of 2018, a controversy boomed around the DADI ICO as around 600 words were found to have been plagiarized from SONM’s whitepaper. SONM is a direct competitor to DADI.
While the plagiarism claim is true, there are some facts that soften that unfavorable situation.
First of all, it was much less than 600 words as the SONM community claimed. The plagiarism checker also included simple words such as “host” or “and” copied from SONM.
From the historical screenshots provided by the community, roughly 60% looks to be copied. That’s about 400 words out of DADI’s 70-page old whitepaper.
Secondly, the highlighted text is mostly about technical parameters which both projects have in common as they are created on Ethereum. The terminology in both cases is pretty similar.
Still, it was a small false start for DADI during its ICO phase and the community won’t forget that anytime soon. Yet, this is the only red flag that we have found in this project.
One thing we can be almost sure about is that the team won’t let such things happen again in the future.
Everyone who held back their investment decision on DADI in January 2018 should definitely take another look at the project as they have made enormous progress since then.
For some, the plagiarism incident might be an unforgettable mistake but bear in mind that there is no company that made no mistakes on its road to success. DADI is one of the few cryptocurrency projects with a working product, existing clientele, and solid vision that still remains heavily overlooked by the crowd.
DADI has reached its lowest lows of US$0.082 per token, creating a good buy-in window that won’t last forever. Are you going to take the chance?
What do you think about DADI as a project and an investment opportunity? Let us know in the comments below.